On September 15th, according to the Reuters website, inside Alibaba, there are relatively few employees who know that Speaking is slow and whispering. But for Alibaba investors, Xie Shihuang is one of the company's most important people. He is the only person outside Ma Yun who holds a business license for Alibaba Group.

Legally, Xie Shihuang, like Ma Yun, has a great influence on Alibaba's assets in China and the contracts that link these assets to companies listed in New York.

Xie Shihuang did not have much exposure in the media, and Alibaba's unusual equity arrangement even confused senior investors. A former Alibaba executive who had a close working relationship with Xie Shihuang said that some employees referred to Xie Shihuang as the "richest man", although he was not among the biggest shareholders of Alibaba.

In the past 15 years, Xie Shihuang has only accepted an interview with a newspaper in his hometown. He helped manage – not to lead Alibaba's investment business, and his name did not appear on the recently announced list of 30 partners. Alibaba's former executives and outside analysts said that the low profile masked the status of Xie Shihuang as one of Ma Yun's most trusted business partners.

Fredrik Oqvist, founder and CEO of investment consultancy ChinaRAI, said: "In Alibaba's non-partner executives, Xie Shihuang is clearly the most important person. His influence is in the company. The interior is everywhere."

Alibaba did not comment on this because of the silent period before the IPO.

Write down how many papers and pens you bought

Friends and past colleagues said that Xie Shihuang's book was full of anger. He was Ma Yun's earliest colleague, but he never entered the top management of Alibaba, reflecting the corporate culture of Alibaba's cruel and elite management.

Although personal wealth has grown dramatically with the development of Alibaba, Xie Shihuang has basically no change compared with the past. Chen Liangming, the president of Rui'an Middle School who taught Xie Shihuang's political class in the 1980s, said that Xie Shihuang is introverted, hard-working, and has a moderate grade. He likes mathematics and science. At that time, Xie Shihuang ranked in the top 20 in the grade, but not the top students, "have a certain ability to innovate."

After graduating from Shenyang University of Technology in 1992, Xie Shihuang worked in a telecommunications company in Hangzhou. In 1999, he became the first chief financial officer of Alibaba. A colleague who worked with Xie Shihuang for 10 years said that Xie Shihuang would write down how many pencils and manuscript papers the company bought and teach other employees to use Microsoft Excel.

When Alibaba rented a new office building in 2000, Ma Yun advocated renting a floor in the downtown area of ​​Hangzhou. Xie Shihuang thought this was a waste. Xie Shihuang took the upper hand, but with the rapid increase of Alibaba employees, Ma Yun proved to be correct.

Helpful partner

According to friends, in the early 2000s, Xie Shihuang participated in e-commerce business and worked in various departments including analysis, corporate strategy team and China website department. Although his position will change every few years, in the most important documents of Alibaba, Xie Shihuang's name is juxtaposed with Ma Yun.

Investors who bought Alibaba's shares in the US held shares in a company registered with Alibaba in the Cayman Islands, which received revenue under an agreement with five Chinese companies.

In addition to the five companies of Alibaba Group, Xie Shihuang also holds a 11.6% stake in Zhejiang Alibaba E-Commerce. Zhejiang Alibaba E-Commerce Company includes Alibaba's payment and financial services business. The company has now changed its name to Zhejiang Xiaowei Financial Services Group.

In many related transactions, Xie Shihuang has always been a partner of Ma Yun. In April, Xie Shihuang borrowed 1 billion U.S. dollars from Alibaba (about 6.15 billion yuan) and acquired 20% of the shares of Internet TV service provider China Digital Media (000156). It is considered to be Alibaba's entry into the media industry. Part of the strategy; in the same month, Xie Shihuang and Ma Yun spent RMB 3.3 billion to acquire a 20.6% stake in Hang Seng Electronics (600570, shares), China's largest financial software provider.

Drew Bernstein, managing partner of accounting firm Marcus Bernstein Pinchuk, said, "Xie Shihuang's series of actions were carried out under the instigation of Ma Yun. Ma Yun must respect Xie Shihuang and make him feel a sense of existence. Xie Shihuang has made significant contributions to Alibaba in the past and will continue to make significant contributions to the company in the future."

In the latest version of the prospectus, Alibaba warned that Ma Yun and Xie Shihuang "may violate our best interests", if Xie Shihuang can not repay the loan, the company will suffer significant economic losses.

Lack of great ambition

People familiar with Ma Yun and Xie Shihuang said that both of them appreciate each other's wisdom and honesty, and often go to the other's home to eat, drink and play cards. A person familiar with the matter said, "Xie Shihuang has never reported his work to Ma Yun seriously. The two exchanged like brothers."

Colleagues said that like Ma Yun, Xie Shihuang’s speech is full of imagination and often uses historical allusions. Xie Shihuang also often recommends fantasy novels to friends, such as "Tomb Notes." Xie Shihuang likes to make jokes and talkative words.

Former colleague said that Xie Shihuang has never shown first-class leadership and ambitious ambitions, especially in the case of the rapid growth of Alibaba's e-commerce business. According to informed sources, in recent months, Alibaba appointed Zhang Hongping as the managing director of Xie Shihuang's department, but the investment decision was mainly decided by executive vice president Cai Chongxin.

A long-time friend revealed that Xie Shihuang hopes to have greater autonomy in investment decision-making. He hopes that investment will not only further consolidate Alibaba's strategic interests, but also hope to invest in purely financial gains. Xie Shihuang has participated in Alibaba's investment in e-commerce companies, as well as in travel networks, travel-related companies and fast taxis.

Several friends said that they were not surprised that Xie Shihuang was not listed as one of the 30 partners. A good friend said that he found that Xie Shihuang's work initiative in recent years is not as younger and more ambitious as Alibaba's rookie, such as senior vice president Wu Yuming.

A colleague from the investment department speculated that Xie Shihuang's temperament was peaceful. The friendship he had established in the past 15 years made him the most trusted assistant of Ma Yun. "No matter what position, Xie Shihuang is satisfied. No matter what Ma Yun said, Xie Shihuang listens. ".

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